click here to view

For your information and reference, we have compiled and listed the approximate costs connected with most real estate transactions.

This information is being provided as a reference only and is different with each real estate transaction from state to state and county to county. Outlined here are the most common closing costs for the State of Florida.

Credit Report - Usually $15.00 for an individual or joint report (husband & wife).

Appraisal - A report on the value of real estate, generally $300 - $500 depending on the value and type (single family, multi-unit, etc.) of the property.

Flood Certificate - A certificate on the property, indicating whether or not it is located in a designated Flood Zone.  If the property is located in a designated Flood Zone, Flood Insurance is required.  The cost for a Flood Certificate is usually about $20.00

Pre-paid Interest - interest is charged from the date of closing to the end of the month in which the closing occurs. The first payment is due on the first day of the following month.

Tax Proration - taxes are pro-rated from January 1st to the day of closing, and are a credit to the buyer.

Association/Condominium fees - pro-rated from the date of closing to the next due date.

Private Mortgage Insurance - known as PMI,This is required when your down-payment is less than 20% of the purchase price and is paid monthly as part of the mortgage payment. The amount varies depending on the actual amount of the downpayment.

Homeowners Insurance - The buyer is responsible for providing the lender with insurance. Mortgage loans will not be funded until an insurance policy has been provided to the lender. The lender may also require flood insurance.

Escrow Account - Generally, 2 months of the homeowners, flood and PMI insurance (when applicable) are placed with the lender for payment towards the following year's premium.

Recording Fees - $6.00 for the first page and $4.50 for each page thereafter for most counties in the State of Florida.

State Stamps - State Documentary Stamps affixed to the note are $3.50/$1,000 and Intangible Tax affixed to the Mortgage is $2.00/$1,000, both are based on the amount of the mortgage.

Owners Title Insurance - The minimum charge is $5.75/$1,000 for the first $100,000 and $5.00/$1,000 thereafter up to $1,000,000, based on the sales price. This is paid by either the buyer or seller depending on which county the property is located.

Lenders Title Insurance - When issued simultaneously with an owners Title Policy the cost can range from $25.00-$250.00, depending on which county the property is located.

Required Title Endorsements - The Form 9 is based on 10% of the amount being charged for the owners policy. Additional endorsements are $25.00 each, and are necessary depending on the type of property and mortgage.

Closing/title search fees - Title companies customarily charge a closing/escrow fee which can range from $75.00-$150.00 and a title search fee which ranges from$125.00-$250.00, depending on where the property is located.

Other possible charges - courier fees, survey charges, inspections and additional lender charges may apply and can total around $500 and vary from lender to lender.


IMPORTANT: These Estimates can also be used for REFINANCES. For refinances - if you have a survey less than 5 years old and haven't done structural additions to the home - you can subtract the costs of a survey from the estimates. PLEASE CALL OR E-MAIL US, WE WILL BE HAPPY TO PROVIDE YOU WITH A GOOD-FAITH ESTIMATE THAT IS CUSTOMIZED FOR YOUR PERSONAL SCENARIO.